Tata Power declared encouraging results for the April-June quarter (Q1) of the 2023-23 financial year (FY24). The firm's revenue rose 5 per cent year-on-year (Y-o-Y) to Rs 15,210 crore. It was driven by higher sales to distribution companies (discoms) and capacity addition in renewables. Company's adjusted profit after tax (PAT) rose 3 per cent to Rs 906 crore with reported PAT at Rs 1,100 crore on a one-time gain of Rs 235 crore.
At the request of the Indian Government, the US on Saturday rushed a team of top investigators to India to assist authorities there to probe the Mangalore plane crash.
Cyclone 'Biparjoy' has an extensive damaging potential and it is likely to impact Kutch, Devbhoomi Dwarka and Jamnagar districts of Gujarat the most, the India meteorological department said on Tuesday.
BHEL's first gas turbine in Libya commissioned
On the final day of his two-day visit to India's financial capital, Congres vice president Rahul Gandhi tried to connect with Mumbaikars by raising the issue of high electricity bills en route his padyatra from National College, Bandra to Dharavi, Asia's largest slum colony.
A five-year contract to provide comprehensive maintenance support for India's fleet of 12 C-130J Super Hercules tactical airlifter aircraft.
The headline for corporate profit growth has been very encouraging in the July-September quarter (Q2) of 2023-24 (FY24), with the combined net profit of listed companies up by 38 per cent year-on-year. However, the earnings distribution has been very lopsided, with most of the growth coming from public-sector oil-marketing companies (OMCs), banks, non-bank lenders, automobile (auto) companies, and cement producers. By comparison, companies from information technology services, fast-moving consumer goods (FMCG), retail, and consumer durables were disappointed, experiencing a sharp slowdown in net sales growth and a relatively muted increase in reported net profit.
Glimpses from Hong Kong whose citizens mourned Britain's Queen Elizabeth II outside the British consulate general.
Europe has an edge over the US in the tightly-fought contest to sell India a next-generation engine for the homegrown Tejas light combat aircraft (LCA).
Tata Motors is actively considering tapping into some of the export markets beyond South Asia, for its range of electric vehicles (EVs) as it sees an opportunity of selling affordable EVs in markets outside India. The export plans will coincide with the commercial launch of the Curvve - an electric SUV concept that broke cover on Wednesday, in two years from now, Shailesh Chandra, MD, Tata Motors PVs and Electric Mobility, told Business Standard. "We are actively thinking of the international markets and we would like to go with a portfolio of products. "We have identified a few markets and in a couple of years, we should commence the same," said Chandra.
The Central Bureau of Investigation has asked former Jammu and Kashmir governor Satya Pal Malik to answer certain queries in connection with an alleged insurance scam in the Union Territory, officials said on Friday.
GE is also bullish on India's power sector and has chalked out plans in electricity generation from various sources such as wind, solar, gas, etc.
"Initially we would invest $50 million for setting up the manufacturing facility... total investment will be $200 million, including after expansion, and the company will take a call in the next 3-6 months," GE Chairman and CEO Jeffery R Immelt said.
Jeffrey R Immelt, global chairman of General Electric Company was in New Delhi on Thursday as part of his three-day visit to India
With Fujian, China's third and most advanced aircraft carrier, having started sea trials last week, the PLA needed at least 200 qualified carrier-based fighter jet pilots to operate 130 ship-borne aircraft.
56 Indian companies have found a place in the exclusive club of 'The Forbes Global 2000' - 'the biggest, most powerful listed companies in the world'.
Among the 36 new faces in Prime Minister Narendra Modi's council of ministers, eight are lawyers, four are doctors, two former IAS officers and four MBA degree holders, besides several engineers, making it an eclectic mix of professionals.
Started in 1857, Alstom is one of the grand old companies of Europe.
General Electric's largest multi-disciplinary engineering and technology centre outside of the US, The John F. Welch Technology Center (JFWTC) located at Bangalore, has launched a unique science and engineering that challenges the imagination and technical expertise of tomorrows inventors.
General Electric plans to set up a new manufacturing plant at a potential investment of up to $50 million in India, where it also intends to hire 3,000 people for its technology centre here, senior company officials said on Thursday.
The Supreme Court on Tuesday told the Madras high court chief justice that the habeas corpus petition of Tamil Nadu minister V Senthil Balaji shall be decided by new bench expeditiously, and asked him to place the plea before three judges "at the earliest".
The Tata Group has been named the world's eleventh most reputed company, according to a study compiled by United States-based Reputation Institute.
Sales of total electric vehicles in India are expected to be around 10 lakh units this year, equal to what was sold collectively in the last 15 years, mainly riding on the good traction witnessed by electric two-wheelers, Society of Manufacturers of Electric Vehicles (SMEV) said on Thursday. In 2021, the sales of electric two-wheelers (E2Ws) in the country jumped over two-fold at 233,971 units driven by a good traction of high-speed scooters as compared to 100,736 units in 2020, SMEV said in a statement. "We haven't seen better days than the last few months in the entire EV journey.
Garima Lohia, Uma Harathi N and Smriti Mishra secured the second, third and fourth ranks respectively in the examination, results of which were declared on Tuesday.
"Managers must walk around with a can of fertiliser in one hand and a watering can in the other."
Jeffrey R Immelt, chairman and chief executive officer of GE kickstarted the initiative.
India believes in sabka saath, sabka vikas, sabka vishwas, sabka prayaas and walks ahead with it, Modi said.
Union Home Minister Amit Shah on Sunday accused the opposition Congress of harassing and insulting the Other Backward Classes during its rule at the Centre, and asserted that it was the Bharatiya Janata Party that gave the first OBC prime minister to the country in the form of Narendra Modi.
Price becomes a challenge in a country like India and, hence, we are trying to halve the cost and give higher outcome, says V Raja, CEO, GE Healthcare India.
In a last-minute twist, General Electric of the US has bagged the hotly contested $800-million tender to supply 99 engines for India's Tejas light combat aircraft (LCA). After both engines in the contest -- GE's F-414 and Eurojet's EJ-200 -- were found technically suitable, the F-414 has been declared the cheaper option.
New book goes deep into Buffett's heart and soul and finds value in both places
Contrary to perception, the cost of nuclear power based on imported fuel and equipment will be "comparable" to that from the conventional power plants, says Shreyans Kumar Jain, chairman and managing director of the Nuclear Power Corporation of India.
Delhi Deputy Chief Minister Manish Sisodia, the party's Rajya Sabha members Sanjay Singh and Raghav Chadha as well as its Gujarat chief ministerial face Isudan Gadhvi also figure in the list shared with the media on Tuesday night.
Currently, the project generates 1,000 Mw.
Aam Aadmi Party candidate Sushil Rinku on Saturday won the Jalandhar Lok Sabha by-election, defeating his nearest rival and Congress nominee Karamjit Kaur Chaudhary by a margin of 58,691 votes.
GE Healthcare, a unit of General Electric Company, is eyeing $1-billion sales in the South Asian market over the next five-years, a top company official said.
At a meeting convened by Power Secretary VS Sampath later this evening with a team of officials from General Electric, the US-based company, which has supplied six gas turbines at Dabhol, has agreed to start negotiations on the Contractual Service Agreement of the project, according to official sources. The Dabhol power plant has three blocks with six gas turbines. However, only three turbines are functioning at present.
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